Bad Credit? Regulators Back Ways for Risky Borrowers to Get Loans

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Bad Credit? Regulators Back Ways for Risky Borrowers to Get Loans
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Banking regulators said they support using borrowers’ cash flow as an alternative to the traditional credit-evaluation system

The regulators on Tuesday backed the use of information such as borrowers’ cash flow as an alternative to the traditional credit-evaluation system, which relies on scores issued by companies such as Equifax Inc.

and Experian PLC based on applicants’ past history of borrowing and repayments.
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